Stock market briefs

31-Jul-2018 Intellasia | The Saigon Times | 6:02 AM Print This Post

The Vietnam Entertainment Fund (VEF), which aims to increase value through medium- and long-term investments in the entertainment sector, made its debut in HCM City on July 26. The open-ended fund, established under the consultation of VinaCapital Fund Management, will operate to maximise profits for investors by increasing the capital value and dividend yield from initial investments, such as with intellectual property assets of films and fixed assets. VEF sets a minimum income plan of 8 percent per year and a maximum of 10.5 percent for the 2018-2019 period, and minimum revenue of 10.5 percent for 2020-2022.

HCM City HAGL Agriculture Company (HNG) announced that its fruit and rubber farms in Attapeu Province in Laos have seen little impact from the flash flood triggered by a dam collapse on July 23, explaining that the location of the farms is far from areas hit by the flood.

HCM City Sao Ta Foods Company (FMC) said its net profit surged 52.8 percent year-on-year to VND30.4 billion in the third quarter of its 2017-2018 fiscal year starting last October. The firm’s net revenue grew 10.3 percent to VND944.8 billion in the period. FMC processed over 12,100 tonnes of frozen shrimp in the first nine months of the fiscal year, up 20 percent year-on-year, while selling 10,482 tonnes of aquatic products, up 21 percent year-on-year.

HANOI Tien Bo Group (TTB) will move its listing from the Hanoi Stock Exchange to the Hochiminh Stock Exchange in the third quarter of 2018. It is trading nearly 47 million shares on the northern bourse with its share price at over VND20,000 each. In 2018, TTB targets to obtain VND500 billion in revenue and VND50.5 billion in after-tax profit, up 28 percent and 26 percent versus last year, respectively.

HANOI Netland Real Estate Company (NRC) said its net profit jumped 3.14-fold year-on-year to VND19.2 billion in the second quarter of this year. Its revenue climbed 4.48-fold to VND47.5 billion in the quarter. Established in 2014 with registered capital of VND1.9 billion, NRC first operated in the fields of real estate brokerage. In 2017, NRC acquired a 95 percent stake in Danh Khoi Real Estate Company to expand its operation in the local market.

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Category: Stocks, Vietnam

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